Warning Fake Solana Wallet Security Update

Warning Fake Solana Wallet Security Update

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Jonathan
Jonathan

An editor at Coincrop


11 Oct 2022 | 2 min read
15,458 views

H

ackers are currently stealing passwords by spreading password-stealing malware through NFT airdrops that claim to be Solana Phantom security updates.

For the past fortnight, unknown cybercriminals have been airdropping nonfungible tokens (NFTs) to Solana cryptocurrency investors under the guise of being a new Phantom wallet security update. If these individuals download what they think is an update, their crypto will be stolen.

The hackers, allegedly from the Phantom team, have been using NFTS titled "PHANTOMUPDATE.COM" or "UPDATEPHANTOM.COM," as found by BleepingComputer.

The warning informs visitors that failing to download the fraudulent security upgrade "may result in a loss of funds due to hackers exploiting the Solana network."

To prevent future loss, users are encouraged to take active security measures such as scanning their computer with antivirus software and changing passwords on key platforms like bank accounts and crypto trading sites. For those who have already been scammed, we advise securing any remaining crypto assets.


Jonathan

Jonathan

An editor at Coincrop
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Jonathan is a Coincrop staff writer based in the UK, covering the best rates for cryptocurrency earning and borrowing products. When not at work, he's likely sailing.


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